The backtest results show that CFG has a 66.67% win rate over 3 days and a perfect 100% win rate over 30 days following an earnings beat, with a 30-day average return of 6.71%. However, the 10-day win rate dips to 33.33%, reflecting some short-term volatility. This indicates that while short-term reactions can be mixed, the stock tends to perform strongly over the longer 30-day horizon after positive earnings surprises. Investors might consider holding CFG for at least a month post-earnings beat to capture the substantial gains observed.

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The backtest results show that CFG experienced a 100% win rate with a 0.82% average return over 3 days following an earnings miss, but returns turned negative over 10 and 30 days, reaching -12.18% at 30 days. This indicates a short-term positive price reaction that quickly reverses into a significant decline. The initial bounce may reflect temporary market optimism or technical factors, but the longer-term negative trend suggests underlying concerns. Investors should be cautious holding CFG beyond the short term after an earnings miss, as the stock tends to underperform over a month.

The backtest results show that the Banks Industry experienced a slight negative impact following earnings beats, with a maximum return of only 0.70% occurring 27 days after the event. This indicates that despite positive earnings surprises, the sector did not generate significant positive returns during the tested period.

The modest negative response suggests that earnings beats in the Banks Industry may not strongly influence stock performance or investor sentiment as expected.

Investors should be cautious about relying on earnings beats alone as a signal for bullish positions in the Banks Industry.

The backtest results show that when the Banks Industry misses earnings expectations, the impact is consistently negative with a maximum return decline of -0.57% on the event day. This indicates a direct and immediate adverse market reaction to earnings misses within this sector. The analysis suggests that investors should be cautious around earnings announcements for banks, as negative surprises tend to result in immediate price drops. Consequently, a defensive stance or risk mitigation strategies may be prudent when anticipating or reacting to earnings misses in the Banks Industry.

Backtest CFG Release Earning Report

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